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Albion Technology & General Vct Plc

Sophisticated and complex high-risk tax-sensitive investments in small companies: handle with care
BusyBumbleBee
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Albion Technology & General Vct Plc

#252239

Postby BusyBumbleBee » September 16th, 2019, 3:59 pm

Albion Income & Growth VCT PLC announced very good interims today see https://uk.advfn.com/stock-market/londo ... c/80735192

Chairman said :
I am pleased to report that the results for Albion Technology & General
VCT PLC for the six months to 30 June 2019 showed a total return of
10.08 pence per share (13.0 per cent. on opening net asset value),
compared to 6.00 pence per share for the same interim period last year,
and 9.50 pence per share for the year ended 31 December 2018. Net asset
value increased from 77.40 pence per share at 31 December 2018 to 85.15
pence per share at 30 June 2019, following the payment of a 2.00 pence
per share dividend on 28 June 2019. This shows continued strong
performance following the recovery plan of the last three years.
and
The key movements in the period
include: a GBP9 million uplift in the valuation of Process Systems
Enterprise following the exchange of contracts for the sale of the
portfolio company to Siemens for over 10x total funds invested;

Which augurs well for the whole range moving into the new era as this VCT invests mainly in new type investments.

Which others hold Process Systems Enterprise?
Last edited by csearle on September 17th, 2019, 9:21 am, edited 1 time in total.
Reason: Title change

BusyBumbleBee
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Re: Albion Technology & General Vct Plc

#252435

Postby BusyBumbleBee » September 17th, 2019, 5:46 pm

at 10.50 A.M today this RNS was published
Albion Technology & General VCT PLC (the "Company") announces that it purchased 285,000 ordinary shares at 72.72 pence per share on 16 September 2019. The shares purchased represent 0.25% of the total number of voting rights in the Company before the transaction. These shares will be held in treasury.


At the time of the transaction (16.01 according to ADVFN) the bid/offer spread was 80-82. A good deal for AATG : not so good for the market maker. ;) . Probably brought over £20K extra down to the bottom line.


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